Baku 28° C
SOFAZ to keep currency composition of its investment portfolio stable next year
Finance
- 08 December, 2023
- 08:45
In 2024, the share of the US dollar in the investment portfolio of the State Oil Fund (SOFAZ) is predicted to be 65%, the euro - 20%, the British pound - 5%, and other foreign currencies - 10%.
Report informs, citing the Accounting Chamber's opinion on the Fund's 2024 budget, that it is the same as the 2023 forecast.
Besides, the Chamber states that the share of debt obligations and money market instruments in SOFAZ's investment portfolio next year will be at least 50%, percentage of the shares will be a maximum of 25%, real estate at a maximum of 10%, and gold at a maximum of 15%.
Author
Latest News
00:25
Photo
Award ceremony for Presidents of Azerbaijan and Uzbekistan held in Tashkent - Update
Foreign policy23:51
Photo
Foundation stone laid for 'Azerbaijan' Park in New Tashkent
Foreign policy23:42
Photo
First Ladies of Azerbaijan and Uzbekistan visited 'Okhun Gozar' art space in Tashkent
Foreign policy23:22
Photo
First Lady of Azerbaijan visited Islamic Civilization Center in Tashkent
Foreign policy22:53
Photo
National Pedagogical University named after Nizami Ganjavi inaugurated in Tashkent
Foreign policy22:27
Azerbaijan plans to invest $5 billion in Uzbekistan's tourism sector
Foreign policy21:51
Photo
President Ilham Aliyev familiarizes himself with 'New Tashkent' — Uzbekistan's largest urban development project - UPDATED
Foreign policy21:48
Photo
Ceremony for signing and exchanging Azerbaijan–Uzbekistan documents held in Tashkent - UPDATED
Foreign policy21:35